As per this study the Global Artificial Intelligence In Manufacturing Market was valued USD XX MN (by revenue) in 2019 and is anticipated to reach USD XX MN by 2026 with a CAGR of XX%.
Artificial Intelligence (AI) is an area of computer science introduced to reducethe workload of humans and also to help the businesses achieve more, faster and more efficiently. AI in manufacturing reduces unplanned downtime, improve efficiency, product quality and the safety of employees. It is used for material movement, predictive maintenance, and machinery inspection, production planning, and field services among others. The technology of AI in manufacturing includes machine learning (ML), computer vision, context awareness and natural language processing (NLP).
The rising adoption of IoT (Internet Of Things) and increasingly large and complex data sets is driving market growth. Growing usage of computer vision cameras is again accelerating market growth. On the other hand, lack of awareness and technology integration among workers may restrict market growth. Whereas, increasing adoption in developing regions and development of smarter robots are likely to offer an opportunity during the forecast period.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of artificial intelligence in manufacturing.
The broad artificial intelligence in manufacturingmarket has been sub-grouped into deployment, technology, application and industry. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Machine Learning (ML)
- Computer Vision
- Context Awareness
- Natural Language Processing (NLP)
- Material Movement
- Predictive Maintenance And Machinery Inspection
- Production Planning
- Field Services
- Quality Control & Reclamation
- Semiconductor And Electronics
- Energy And Power
- Heavy Metals And Machine Manufacturing
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for artificial intelligence in manufacturing in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Artificial Intelligence In Manufacturing Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the artificial intelligence in manufacturing market include Bosch, Cisco Systems, Inc., General Electric Company, Intel Corporation, International Business Management Corporation, Microsoft Corporation, Mitsubishi Electric Corporation, Nvidia Corporation, Oracle Corporation, Robert Bosch Gmbh, and Siemens Ag. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.